Business News

PAL working to expand NAIA’s Terminal 2

THE Philippine Airlines is proposing to lease a government property adjacent to Terminal 2 of the Ninoy Aquino International Airport in a bid to expand the terminal’s building and increase its capacity. The Manila International Airport Authority (MIAA) welcomes the proposal but noted that the said property being eyed for development by PAL is mired […]

Business News

Celebrate Love in Style with Forever Francis Libiran

CELEBRATE your promise of forever with world-renowned designer Francis Libiran’s new wedding and engagement ring collection-Forever Francis Libiran. Known worldwide for his stylish, trailblazing designs, Francis Libiran brings a luxurious touch to the most important and intimate events in life. In collaboration with J’s Diamond Jewelry, Forever Francis Libiran boasts of a distinct collection that is priceless […]

Business News

Letran, Ad Foundation hold AdSpeak ’17

COLEGIO de San Juan de Letran, in partnership with the Advertising Foundation of the Philippines, will hold AdSpeak ‘17, a convention of students from different schools on values advertising. The event,will be held on March 10 at the Student Center Auditorium of Letran in Intramuros, Manila. Admission is free on a first-come, first-served basis. AdSpeak ’17 […]

Business News

PH airport workers protest planned privatization of airports nationwide

WITH the ascension into the White House of Donald Trump as president of the United States, economic experts worldwide are of the opinion that neo-liberalism is now dying if not dead but Philippine transportation authorities seems to be oblivious of this earth shaking development as they still work within the framework of the said system […]

Business Health News

WTO Amends Intellectual Property Rules to Boost Poor Countries’ Medicine Access

By Sputnik News WORLD Trade Organization members have agreed to amend the Trade Related Aspects of Intellectual Property Rights (TRIPS) agreement. WASHINGTON (Sputnik) — World Trade Organization (WTO) members have agreed to amend the Trade Related Aspects of Intellectual Property Rights (TRIPS) agreement to increase access to generic medicines in developing countries, WTO Director-General Roberto Azevedo said in a press release on Monday. […]

Business News

PAL increases operations in Central Luzon hub

LEGACY carrier Philippine Airlines (PAL) is ramping up its operations in its Central Luzon hub after opening the Clark-Boracay (Caticlan) -Cebu and Clark-Incheon flights in mid-December 2016 and first week of January 2017, respectively.  PAL spokesperson Cielo Villaluna said on January 30 the airline will start operating non-stop flights between Clark and Cebu four times […]

Business News

PH ports posted profits in 2016 despite slide of the peso

MANILA—The Philippine Ports Authority (PPA), a government owned corporation, posted a 17% hike in net profit in the 11-month period of 2016 anchored on the strong financial performance of the agency during the last five months proving that the state, not only private firms, could run profitable enterprises. The accumulated amount was also significantly higher […]


ICTSI Manila hits 2M TEU milestone

THE Manila International Container Terminal (MICT), International Container Terminal Services, Inc.’s (ICTSI) flagship operation and the Philippines’ largest, most technologically advanced container terminal, capped 2016 with a milestone as it reached its first year-to-date two millionth TEU move last December.  Nominated among the world’s top container terminals for several years, the MICT has an annual […]

Business News

Philippine ports to remain open on X-mas and New Year

PHILIPPINE ports will remain open Christmas and New Year due to the traditional influx of Christmas cargoes. “Philippine ports, particularly our international gateways, will be in full commercial operations except for a couple of hours on Christmas and New Year’s Day because ships continue to come and go even during holidays,” Philippine Ports Authority General Manager […]

Business News

Duterte tells local tycoons: ‘I owe you nothing,’ opening Philippines to foreign investment

By RT The populist Philippine President Rodrigo Duterte has pledged to open up the economy to foreign businesses to tackle graft and protectionism. “The only way for the deliverance of this country is to remove it from the clutches of the few people who hold the power and money,” Duterte told a news conference. “I […]

Business Environment News

Semirara Mining to develop eco tourism project in closed Panian pit

THE integrated energy company Semirara Mining and Power Corporation (SMPC) on Monday disclosed that it has started the Panian pit final rehabilitation to “restore its ecological balance,” following the depletion of its coal reserves. “Our goal is to restore the topography of Panian and promote flora and fauna growth in the area. We are still consulting […]

Business News

PH promotes China’s maritime silk road, urges connectivity among Asean ports  

THE Philippines has expressed its intention to be part of the China’s maritime silk road initiative (CMSRI) as it encouraged Association of Southeast Asian Nations–member ports to also join it for greater economic cooperation and connectivity in Southeast Asia. Transport Secretary Arthur P.  Tugade said the Duterte administration already expressed its desire to join CMSRI during President […]

Business News

AGI to spend more than P150B for two-year expansion programs across PH businesses

MANILA, Philippines, September 29, 2016 – The Alliance Global Group, Inc. (AGI), the investment holding company of tycoon Dr. Andrew L. Tan, is allocating more than P150-billion for this year until 2017 to finance the various expansion plans of its companies. After posting record performance in 2015, Alliance Global remains upbeat over long-term prospects. “We […]

Business News

PH’s apt trading and diplomatic policies to trump shaky Asia geopolitics

MANILA, Philippines — The understanding of geopolitics and the appropriate trading and diplomatic policies amid the South China Sea dispute will ensure investor confidence in the Philippines. This was the assessment reached during the Philippines Investment Conference on Tuesday at the New World Hotel in Manila, which gathered local and foreign business leaders, economists and […]

Business News

Pizza Proves to Be the Best Motivator – Study

By Sputnik News In the upcoming book “Payoff: the Hidden Logic that Shapes Our Motivations,” behavioral economist Dan Ariely detailed a study showing that pizza motivates workers to increase productivity more effectively than money. Looking for a way to encourage your employees to show better results? The answer might be pizza. In his book, Ariely recounts an experiment […]

Business News

DTI at risk — PH consumer group

A CONSUMER group expresses fears that newly appointed Department of Trade and Industry Secretary Ramon Lopez is putting the department at risk by appointing officials who are known to be politically hostile to the Duterte administration. Consumer group BIGWAS said Secretary Lopez’ endorsement of former DTI officials who openly campaigned against President Rodrigo Duterte in […]


Road users’ tax fund, underutilized – PH Gov’t Think Tank

FUNDS collected from road users’ tax amounting to billions of peso that were intended for road maintenance and minimize air pollution were underutilized. A study of state-run think tank, Philippine Institute for Development Studies (PIDS), shows that a total of P112.5 billion were deposited to the motor vehicle users’ charge (MVUC) fund, more popularly known […]